Free Trial

ICL Group Ltd (NYSE:ICL) Short Interest Up 28.3% in May

ICL Group logo with Basic Materials background

ICL Group Ltd (NYSE:ICL - Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 1,950,000 shares, a growth of 28.3% from the April 30th total of 1,520,000 shares. Based on an average daily trading volume, of 910,500 shares, the short-interest ratio is presently 2.1 days. Currently, 0.3% of the shares of the company are short sold.

ICL Group Stock Performance

ICL stock traded down $0.25 during mid-day trading on Thursday, hitting $6.74. 877,077 shares of the company were exchanged, compared to its average volume of 822,303. ICL Group has a 1-year low of $3.79 and a 1-year high of $7.05. The stock has a market capitalization of $8.85 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 7.10 and a beta of 1.15. The business has a 50 day simple moving average of $6.43 and a 200-day simple moving average of $5.83. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30.

ICL Group (NYSE:ICL - Get Free Report) last announced its earnings results on Monday, May 19th. The basic materials company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.82 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. On average, equities analysts forecast that ICL Group will post 0.37 earnings per share for the current year.

ICL Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.0426 per share. This is a boost from ICL Group's previous quarterly dividend of $0.04. The ex-dividend date is Wednesday, June 4th. This represents a $0.17 annualized dividend and a yield of 2.53%. ICL Group's dividend payout ratio (DPR) is presently 51.61%.

Institutional Investors Weigh In On ICL Group

Institutional investors have recently modified their holdings of the business. Meitav Investment House Ltd. increased its position in ICL Group by 21.3% during the fourth quarter. Meitav Investment House Ltd. now owns 20,551,025 shares of the basic materials company's stock worth $101,391,000 after acquiring an additional 3,606,357 shares during the period. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD grew its position in shares of ICL Group by 106.0% during the 4th quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 4,579,516 shares of the basic materials company's stock worth $22,584,000 after purchasing an additional 2,356,324 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of ICL Group by 120.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,153,799 shares of the basic materials company's stock worth $23,635,000 after purchasing an additional 2,267,245 shares in the last quarter. Y.D. More Investments Ltd increased its holdings in shares of ICL Group by 15.1% during the fourth quarter. Y.D. More Investments Ltd now owns 16,479,059 shares of the basic materials company's stock worth $81,334,000 after purchasing an additional 2,161,715 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of ICL Group in the first quarter valued at approximately $9,424,000. Institutional investors own 13.38% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ICL. BMO Capital Markets lifted their target price on ICL Group from $6.00 to $6.50 and gave the stock a "market perform" rating in a research note on Thursday, February 27th. Wall Street Zen cut shares of ICL Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 27th. Finally, Barclays upped their price objective on shares of ICL Group from $6.00 to $7.00 and gave the company an "equal weight" rating in a report on Wednesday, March 5th.

View Our Latest Stock Analysis on ICL Group

ICL Group Company Profile

(Get Free Report)

ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Growing Solutions. The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.

Read More

Should You Invest $1,000 in ICL Group Right Now?

Before you consider ICL Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ICL Group wasn't on the list.

While ICL Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

20 Stocks to Sell Now Cover

Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.

Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Dirt-Cheap Stocks in a Market That’s Getting Expensive
Top 3 Defense Stocks to Profit From $175 Billion Golden Dome
Top 5 Stocks for June: AI Picks That Aren’t NVIDIA

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines